IMMO-BL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMO-BL
Largest movements
- Tangible fixed assets -€100,945
down €100,945 (-4.9%), from €2.0m to €1.9m
of which Land and buildings: -€99,398
- Cash -€58,281
down €58,281 (-37.7%), from €154,397 to €96,116
mainly Debts after one year (-€71,810) and Receivables within one year (-€53,426)
- Receivables within one year +€53,426
up €53,426 (+23.8%), from €224,278 to €277,704
- Debts after one year -€71,810
down €71,810 (-6.5%), from €1.1m to €1.0m
- Taxes +€30,870
up €30,870 (+2,187%), from €1,412 to €32,282
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,418,155 | €2,312,354 | -€105,801 | -4.4% |
| Fixed assets | 21/28 | €2,039,480 | €1,938,535 | -€100,945 | -4.9% |
| Tangible fixed assets | 22/27 | €2,039,480 | €1,938,535 | -€100,945 | -4.9% |
| Land and buildings | 22 | €2,037,242 | €1,937,844 | -€99,398 | -4.9% |
| Plant, machinery and equipment | 23 | €2,237 | €691 | -€1,547 | -69.1% |
| Current assets | 29/58 | €378,675 | €373,819 | -€4,856 | -1.3% |
| Amounts receivable within one year | 40/41 | €224,278 | €277,704 | +€53,426 | +23.8% |
| Other amounts receivable | 41 | €224,278 | €277,704 | +€53,426 | +23.8% |
| Cash at bank and in hand | 54/58 | €154,397 | €96,116 | -€58,281 | -37.7% |
| Total equity and liabilities | 10/49 | €2,418,155 | €2,312,354 | -€105,801 | -4.4% |
| Equity | 10/15 | €1,127,239 | €1,112,494 | -€14,745 | -1.3% |
| Contributions | 10/11 | €473,000 | €473,000 | = | 0.0% |
| Reserves | 13 | €654,239 | €639,494 | -€14,745 | -2.3% |
| Tax-exempt reserves | 132 | €248,952 | €234,203 | -€14,749 | -5.9% |
| Distributable reserves | 133 | €405,287 | €405,291 | +€4 | 0.0% |
| Provisions and deferred taxes | 16 | €82,984 | €78,068 | -€4,916 | -5.9% |
| Deferred taxes | 168 | €82,984 | €78,068 | -€4,916 | -5.9% |
| Amounts payable | 17/49 | €1,207,932 | €1,121,792 | -€86,140 | -7.1% |
| Amounts payable after more than one year | 17 | €1,100,459 | €1,028,649 | -€71,810 | -6.5% |
| Financial debts | 170/4 | €1,100,459 | €1,028,649 | -€71,810 | -6.5% |
| Amounts payable within one year | 42/48 | €94,473 | €80,143 | -€14,329 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €70,990 | €71,810 | +€820 | +1.2% |
| Trade debts | 44 | €22,153 | - | -€22,153 | |
| Suppliers | 440/4 | €22,153 | - | -€22,153 | |
| Taxes, remuneration and social security | 45 | €1,330 | €8,333 | +€7,004 | +527% |
| Taxes | 450/3 | €1,330 | €8,333 | +€7,004 | +527% |
| Accrued charges and deferred income | 492/3 | €13,000 | €13,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,945 | €100,945 | = | 0.0% |
| Other operating charges | 640/8 | €16,704 | €17,226 | +€522 | +3.1% |
| Gross operating margin | 9900 | €142,152 | €143,353 | +€1,201 | +0.8% |
| Operating profit (loss) | 9901 | €24,504 | €25,182 | +€679 | +2.8% |
| Financial income | 75/76B | €274 | €884 | +€610 | +223% |
| Recurring financial income | 75 | €274 | €884 | +€610 | +223% |
| Financial charges | 65/66B | €14,143 | €13,446 | -€697 | -4.9% |
| Recurring financial charges | 65 | €14,143 | €13,446 | -€697 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €10,634 | €12,621 | +€1,986 | +18.7% |
| Transfer from deferred taxes | 780 | €23,896 | €4,916 | -€18,979 | -79.4% |
| Income taxes | 67/77 | €1,412 | €32,282 | +€30,870 | +2,187% |
| Profit (loss) for the period | 9904 | €33,118 | -€14,745 | -€47,863 | |
| Transfer from tax-exempt reserves | 789 | €71,687 | €14,749 | -€56,938 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,805 | €4 | -€104,801 | -100.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.